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Sovereign Wealth Funds Briefing - Categorized | Financials

CIC gets annual cash grants

Posted on 17 May 2011

China Investment Corp will get annual cash injections from the government instead of just one-off infusion as the country looks for ways to invest its massive foreign exchange reserves, Caixin Century said on its website yesterday.
The central government will pump in “tens of billions” of dollars into the sovereign wealth fund, which is responsible for managing part of China’s nearly US$3 trillion of foreign exchange reserves, the magazine said……………………………………….Full Article: Source


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